Invest In EU News

  • Antitrust: Commission opens investigation in e-payment market

    Brussels, 26 September 2011 - The European Commission has opened an antitrust investigation into the standardisation process for payments over the internet ('e-payments') undertaken by the European Payments Council (EPC). The EPC is the coordination and decision-making body of the European banking industry for payments. The Commission will undertake a careful examination of the standardisation process to ensure that competition is not unduly restricted, for example through the exclusion of new entrants and payment providers who are not controlled by a bank.

  • Climate change: Commission launches consultation on further reducing industrial gas emissions

    Brussels, 26 September 2011 - The European Commission today launched a public consultation on strengthening EU measures to reduce emissions of fluorinated gases, a group of industrial gases which are extremely powerful contributors to global warming.

    A Commission review,1 which was also adopted today, concludes that the EU's existing Regulation on fluorinated gases ('F-gases') is having a significant impact but that, without further measures, F-gas emissions are expected to remain at today's levels in the long term.

  • Mergers: Commission clears acquisition of German plant care supplier Compo by private-equity firm Triton

    Brussels, 26 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the German supplier of plant care products Compo by the private equity firm Triton, based in Jersey. The Commission concluded that the transaction would not significantly alter the structure of the markets for plant care products as Triton presently has no ownership interests in the same business.

  • Mergers: Commission clears acquisition of MAN by Volkswagen

    Brussels, 26 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of MAN SE by Volkswagen AG, both of Germany. The Commission concluded that the proposed transaction would not significantly impede effective competition in the EEA1 because the merged entity would continue to face strong competition from other well established manufacturers.

    The Commission examined the transaction's impact on the supply of heavy trucks, buses, chassis and diesel engines.

  • Finland’s retail sector turnover and profitability improved in 2010

    The total turnover in Finland’s retail trade was EUR 115.5 billion in 2010, representing a 6.5% increase compared to the year before, according to preliminary figures by Statistics Finland. Wholesale trade made up 55% of the total turnover, retail trade 31% and car sales 13%.

  • German Companies Eyeing Toronto Area

    Berlin/Toronto – Flying over from Berlin, a German delegation arrives Monday to further strengthen business ties to the Toronto area. CEOs and project developers from the solar, wind, medical technologies, and food & beverage industries will visit potential partners in the region. Germany Trade & Invest is accompanying the delegation from September 26 – 28 to discuss new trade and investment opportunities in these fields.

  • China is targeting Denmark’s audio industry

    China is planning to invest DKK 600 million in improving their audio industry and invites Danish companies and engineers to enter a partnership.

    China has started to listen to what people say about sound technology in Denmark: That Denmark is a global leader, producing some of the best and most innovative loudspeakers, hearing aids and sound equipment in the world.

  • Chemicals/REACH: Conference looks at early results and future challenges for chemicals registration

    Brussels, 23 September 2011 – Past achievements and lessons learnt for the future of the REACH registration process will be debated at a conference organised by the European Commission and the European Chemicals Agency (ECHA), in Brussels today.

  • Mergers: Commission approves acquisition of ING Car Lease by BMW

    Brussels, 23. September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of ING Car Lease, the car leasing business of the Dutch global financial institution ING, by the German car manufacturer Bayerische Motoren Werke AG ("BMW").

  • 25% emission reduction needed by 2020, says the EESC

    The EU should reconsider a 25% emission reduction target by 2020 in order to achieve the agreed goal of an 80%-95% drop by 2050, said the European Economic and Social Committee in an opinion on the European Commission's roadmap for moving to a competitive low-carbon economy in 2050, adopted yesterday at the plenary session.

  • Google’s new energy efficient data center opens in Finland

    Google’s has opened its highly energy efficient data center, located in a former paper mill in Hamina, southern Finland. The new EUR 200 milllion facility uses an innovative sea water cooling system which requires very little electricity. According to Google, its servers use less energy per user in a month than a light bulb that has been left on for three hours.

  • Nokia and IBM are latest partners to join World Design Capital Helsinki 2012

    Nokia and IBM are the latest corporate partners to join World Design Capital Helsinki 2012. The Design Capital currently has a total of 21 corporate partners and has raised more than EUR 5 million in one of the largest corporate partnership projects ever carried out in Finland. For companies, the World Design Capital is a strategic partner that offers a platform for international networking and brand-building, for enhancing design competence and for social engagement

  • New CzechInvest to create thousands of jobs annually

    CzechInvest promises the creation of thousands of new jobs and contribution to the Czech Republic’s GDP on the order of a billion crowns through its set of new products and services for business. The New CzechInvest strategy was unveiled today by Petr Očko, direct of the EU Funds, Research and Development Section of the Ministry of Industry and Trade, Miroslav Křížek, CEO of CzechInvest, and Jaromír Veber, dean of the Faculty of Business Administration at the University of Economics.

  • Tallinn Technical University to open an office in Silicon Valley

    Alar Kolk who is in charge of innovation and international relations in the Tallinn Technical University (TTU) says that TTU puts high hopes on its US representative office that will be opened in Silicon Valley on Thursday, writes Äripäev.

    “We have already contracts with Californian universities and conduct joint research projects. Now we wish to add an additional layer to this, namely innovation and cooperation with enterprises,” said Kolk.

  • Estonia and India Prepare for More Exchange and Cooperation

    Estonia and India have fleshed out the legal basis for economic ties both countries expect will become more substantial in the decades ahead.

    On September 19 in Tallinn, India's minister for IT and human resources, Kapil Sibal, and Estonian Finance Minister Jürgen Ligi signed a double taxation avoidance agreement that Sibal said should be a prelude for more cooperation.

    India is potentially interested in IT and communications, genetics and biotechnology.

  • European Commissioner for Regional Policy Johannes Hahn proposes action plan for improved EU structural fund investments in Greece

    European Commissioner for Regional Policy Johannes Hahn, today in Athens, concluded a seminar with all Greek Ministers responsible and regional governors to improve the investment of EU structural funds in Greece. Improving the uptake of EU co-funding is the key factor to create economic growth and improve competitiveness in Greece in the years ahead. An action plan was drawn up, which consists of two major pillars:

  • Research & innovation: Commission calls for partnerships to tackle societal challenges

    Brussels, 21 September 2011 – An invitation to public and private actors to join forces at European level to apply research and innovation solutions to major challenges facing society has been issued by the European Commission today. The Commission Communication draws on first experience from pilot projects and outlines steps that will lead to more, and more effective, public-private and public-public partnerships.

  • EU €1 billion Millennium Development Goals initiative to support maternal health, contribute to fight against child mortality and hunger and improve supply of water and sanitation

    Brussels, 21 September 2011 - Water and sanitation, maternal health, hunger and child mortality: those Millennium Development Goals that are most off-tracks will be allocated an additional €1bn by the European Commission, said EU Commissioner Piebalgs today during a round table on Nutrition at the UN General Assembly. The European Commission is finalising the identification of the projects presented by African, Caribbean and Pacific countries themselves.

  • Top Finnish medical researchers awarded ERC Advanced Grants

    Three Finnish medical science researchers from the University of Helsinki have been awarded the prestigious European Research Council Advanced Investigator Grant. Professor Lauri Aaltonen received funding for his research project "Next Generation Genetics of Cancer Predisposition".

  • Swedish fashion chain KappAhl aims for 70 stores in Finland

    The Swedish fashion chain KappAhl has opened its 60th store in Finland at Kirkkonummi shopping centre in southern Finland. According to Jari Laitinen, managing director of KappAhl, the chain is continuing its growth in Finland by searching for new business premises and aims to increase the number of stores to 70 in the next few years. KappAhl’s latest is called Designers Finest.

  • Around 1 800 kg of non-mineral waste generated per capita in the EU27 in 2008

    In 2008, the total non-mineral waste1 generated in the EU27 amounted to 920 million tonnes, which corresponds to 1 800 kg per capita. The manufacturing sector accounted for 26% of total generation of non-mineral waste, other economic activities2, such as agriculture, energy and services, for 50%, while households contributed 23%. Non-mineral waste reflects waste originating from all economic sectors and households, thus including waste generated from both production and consumption.

  • EU Industry: Economic recovery continues at a slower pace

    Brussels 19 September 2011 - In the last three months to July 2011, manufacturing production was 4.5% higher than a year ago, but was almost unchanged compared to the first quarter. Manufacturing production in recent months has been affected by supply disruptions stemming from the Japanese tsunami. Manufacturing output is now some 14% higher than its trough in early 2009 and still 8% below its peak in early 2008.

  • ECA issues special report on whether agri-environment support policy is well designed and managed

    Agri-environment support is a key EU policy with € 2.5 billion of EU spending per year. The policy aims to respond to society's increasing demand for environmental services by encouraging farmers and other land managers to introduce or continue to apply agricultural production methods compatible with the protection and improvement of the environment.. Management of this policy is shared by the Commission and the Member States.

  • Finnish companies expect IT services to be outsourced

    All IT maintenance and support services will be outsourced in Finland in the future. That is the almost unanimous view of the financial directors and IT managers of large Finnish companies in a survey by HP Finland. IT strategy is unlikely to be outsourced, however. Half of the companies that responded to the survey have already outsourced their IT operations.

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